Major Oil & Gas Players Report Significant Developments for Long-Term Growth
and Profitability - Research Report on Exxon Mobil, Occidental Petroleum,
ConocoPhillips, BP, and Total
PR Newswire
NEW YORK, May 31, 2013
NEW YORK, May 31, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting Exxon
Mobil Corporation (NYSE: XOM), Occidental Petroleum Corporation (NYSE: OXY),
ConocoPhillips (NYSE: COP), BP plc (NYSE: BP), and Total SA (NYSE: TOT).
Today's readers may access these reports free of charge - including full price
targets, industry analysis and analyst ratings - via the links below.
Exxon Mobil Corporation Research Report
On May 7, 2013, Exxon Mobil Corporation (Exxon Mobil) announced that it is
commencing the development of the Julia oil field in the Gulf of Mexico. Exxon
Mobil reported that the capital cost for the project is estimated to be more
than $4 billion, and the oil production from it is expected to begin in 2016.
Neil W. Duffin, President of ExxonMobil Development Company, said, "The
development of Julia will provide a new source of domestic energy and
well-paying jobs over the next several years. Access to resources such as
Julia will contribute to U.S. energy security for many years to come." The
Julia oil field was discovered in 2007, and is estimated to hold almost six
billion barrels of resource in place. The Full Research Report on Exxon Mobil
Corporation - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.WSReports.com/r/full_research_report/3cc2_XOM]
Occidental Petroleum Corporation Research Report
On May 3, 2013, Occidental Petroleum Corporation (Occidental Petroleum)
announced that the former Ambassador, Edward P. Djerejian, and the former
Energy Secretary, Spencer Abraham, were elected by the Board to assume the
roles of Independent Chairman of the Board of Directors and Independent Vice
Chairman, respectively. Stephen I. Chazen, President and CEO of Occidental
Petroleum commented, "Ed's depth of experience, judgment, and understanding of
our business strategy make him the perfect choice to lead our Board. I look
forward to working closely with him and Spence and the full Board as we
continue pursuing long-term value creation for our shareholders." The Full
Research Report on Occidental Petroleum Corporation - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.WSReports.com/r/full_research_report/85fe_OXY]
ConocoPhillips Research Report
On May 14, 2013, ConocoPhillips (ConocoPhillips) stated in its Annual Meeting
of Stockholders that it is making significant progress on delivering its
growth plans for better volumes and margins. Ryan Lance, Chairman and CEO of
ConocoPhillips, stated, "We believe we represent a new class of E&P investment
- one that will strive to achieve the organic growth of an independent with
the yield of a major. We have the diverse asset base, technical capability,
world-class workforce and financial strength to deliver on our unique value
proposition." He continued, "The ConocoPhillips asset base reflects our legacy
as a major company in terms of its size and breadth, yet offers the compelling
organic growth more common to independent companies. It also reflects
important diversification between a resource-rich North American portfolio, a
lower-risk diversified worldwide portfolio and an emerging conventional and
unconventional global exploration prospect inventory." The Full Research
Report on ConocoPhillips - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:
[http://www.WSReports.com/r/full_research_report/1cf7_COP]
BP plc. Research Report
On May 24, 2013, BP plc. (BP), along with Reliance Industries Limited and
NIKO, announced the discovery of a significant reserve of gas and condensate
in the KG D6 block off the eastern coast of India. PMS Prasad, Executive
Director of Reliance Industries Limited, commented, "This is a successful
outcome of the combined exploration efforts of the Joint Venture partners with
the active support of the GoI. We shall embark on the appraisal program in the
next few months in order to evaluate the options for developing this
discovery." Dr. Mike Daly, Executive Vice President Exploration at BP, said,
"The discovery demonstrates the effective technical co-operation between the
partners, allowing us to make a new and significant discovery within KG D6. It
follows an 18 month drilling time-out and detailed geoscience work that has
re-focused our India exploration program and delivered this early success."
The Full Research Report on BP plc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.WSReports.com/r/full_research_report/ff46_BP]
Total SA Research Report
On May 23, 2013, Total SA (Total) announced that the BASF TOTAL Petrochemicals
LLC (BTP) joint venture (40% owned by Total, 60% owned by BASF) have revamped
the Port Arthur Steam Cracker in Texas to process ethane from Shale gas.
Patrick Pouyanné, President of Total Refining & Chemicals, said, "Our strategy
in the United States consists of consolidating our production base by taking
advantage of market trends." He added, "The Port Arthur steam cracker is one
of the biggest in the world, with a capacity of 1 million tons of ethylene per
year. It was commissioned in 2001 to process naphtha, distilled from
petroleum. In response to petroleum product price hike and the emergence of
abundant gas resources, we adapted the steam cracker to give it flexibility
and maintain its competitiveness. It can now use as a feedstock ethane, which
costs around $30 per barrel of oil equivalent (boe) - versus around $100/boe
for naphtha - and liquefied petroleum gases such as butane and propane, which
are also cheaper." The Full Research Report on Total SA - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.WSReports.com/r/full_research_report/5507_TOT]
EDITOR NOTES:
1.This is not company news. We are an independent source and our views do
not reflect the companies mentioned.
2.Information in this release is fact checked and produced on a best efforts
basis and reviewed by a CFA. However, we are only human and are prone to
make mistakes. If you notice any errors or omissions, please notify us
below.
3.This information is submitted as a net-positive to companies mentioned, to
increase awareness for mentioned companies to our subscriber base and the
investing public.
4.If you wish to have your company covered in more detail by our team, or
wish to learn more about our services, please contact us at
pubco@EquityNewsNetwork.com.
5.For any urgent concerns or inquires, please contact us at
compliance@EquityNewsNetwork.com.
6.Are you a public company? Would you like to see similar coverage on your
company? Send us a full investors' package to
research@EquityNewsNetwork.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This
document, article or report is prepared and authored by Equity News Network.
An outsourced research services provider has, through Chartered Financial
Analysts, only reviewed the information provided by Equity News Network in
this article or report according to the Procedures outlined by Equity News
Network. Equity News Network is not entitled to veto or interfere in the
application of such procedures by the outsourced provider to the articles,
documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the
accuracy or completeness or fitness for a purpose (investment or otherwise),
of the information provided in this document. This information is not to be
construed as personal financial advice. Readers are encouraged to consult
their personal financial advisor before making any decisions to buy, sell or
hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned
at the time of printing of this document or any error, mistake or shortcoming.
No liability is accepted by Equity News Network whatsoever for any direct,
indirect or consequential loss arising from the use of this document. Equity
News Network expressly disclaims any fiduciary responsibility or liability for
any consequences, financial or otherwise arising from any reliance placed on
the information in this document. Equity News Network does not (1) guarantee
the accuracy, timeliness, completeness or correct sequencing of the
information, or (2) warrant any results from use of the information. The
included information is subject to change without notice.
SOURCE Wall Street Source
Contact: WSReports.com, Phone #: +1-310-496-8071